Statute Text
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1The Confederation shall legislate for an occupational pension scheme.

2In doing so, it shall adhere to the following principles:

the occupational pension scheme, together with the Old-age, Survivors’ and Invalidity Insurance, enables the insured person to maintain his or her previous lifestyle in an appropriate manner.

the occupational pension scheme is compulsory for employees; the law may provide for exceptions.

employers shall insure their employees with a pension institution; if required, the Confederation shall make it possible for employees to be insured with a federal pension institution.

self-employed persons may insure themselves on a voluntary basis with a pension institution.

for specific groups of self-employed persons, the Confederation may declare the occupational pension scheme to be compulsory, either in general terms or for individual risks only.

3The occupation pension scheme is funded from the contributions of those insured, whereby employers must pay a minimum of one half of the contributions of their employees.

4Pension schemes must satisfy the minimum requirements under federal law; the Confederation may provide for national measures to resolve particular difficulties.

74* With transitional provision

Overview

Art. 113 FC regulates occupational pension provision, also called the second pillar. Together with OASI/DI (first pillar) and private pension provision (third pillar), it forms the Swiss three-pillar system of old-age and survivors' insurance.

Who is affected? All employees must be compulsorily insured under occupational pension provision. This affects approximately 4.7 million employed persons in Switzerland. Self-employed persons may obtain voluntary insurance.

What is regulated? The Confederation must enact laws on occupational pension provision. These laws must observe five principles: First, occupational pension provision together with OASI shall secure the accustomed standard of living. Second, it is compulsory for employees. Third, employers must insure their employees with a pension fund. Fourth, self-employed persons may obtain voluntary insurance. Fifth, the Confederation may introduce compulsory insurance for certain self-employed persons.

Financing: The costs are shared between employers and employees. This parity financing (equal sharing) means that the employer must pay at least half of the contributions. With a monthly contribution of 1000 francs, the employee pays at most 500 francs.

Legal consequences: All pension funds must meet federal minimum requirements. Violations may lead to closure or rehabilitation of the pension institution. Employees are entitled to the legally prescribed minimum benefits.

Practical example: A bank employee with an annual income of 80,000 francs pays approximately 400 francs monthly into the pension fund. Her employer pays at least the same amount. After retirement, she receives a monthly pension which, together with the OASI pension, should amount to approximately 60% of her last salary.